Because of their volatile price swings, investing in cryptocurrency is considered risky. However, investors still see the potential upside to investing in crypto as the space is rapidly evolving.
It is possible to earn huge returns on your investment in monetary assets, but metaverse cryptocurrency is still relatively new. Let’s take a look at what cryptocurrencies can do in each space, and then we will present you with our top 15 metaverse cryptocurrencies that are worth investing in.
What Is A Metaverse Cryptocurrency?
Metaverse cryptocurrency, also known as native tokens or digital currency, is used to buy avatars, NFTs and other assets from the different metaverse worlds. Different cryptocurrencies may be used in different metaverse universes.
Many cryptocurrencies can be purchased using fiat money. Crypto tokens are used to join virtual reality communities and buy items. They can also be used to play games, create digital avatars or personas that they represent in these online spaces.
To participate in the metaverse, you will need these tokens. Non-users can also purchase cryptocurrencies as investments to keep them safe for many years. This is because the price of these tokens will rise with the popularity and use of the metaverse.
These are the top 15 metaverse cryptocurrency you might want to invest in.
Top 5 Metaverse Cryptocurrencies
The ability to fractionalize an NFT has many benefits. A fractionalization allows you to make an asset that was previously unattainable to most people by dividing one NFT into smaller parts that can prove partial ownership. There are many benefits to fractionalized NFTs.
Ethereum (ETH), is the cryptocurrency behind the Ethereum blockchain. The Ethereum blockchain is a platform that allows for many virtual spaces to exist. It has the highest number of NFT users and games among all other blockchains.
Because many people require the Ethereum blockchain token, its size and importance make it very valuable.
ETH can be used in many different ways
- It’s used to join and run personal apps
- To process transactions on Ethereum blockchain
- It is used by coders to create games and programs for users.
- You can even use it to purchase things in the real world
Programmers can create programs on the Ethereum network that keep track of NFTs. These programs are called “smart contract” and must be paid for by coders. They are essential to automate the many financial products on the blockchain.
The Ethereum blockchain is home to most of the tokens, games and cryptocurrencies on this “best metaverse cryptocurrency to invest in” list. The ETH coin is a solid investment because it offers stability.
ETH is likely to be around for a long time, if it doesn’t disappear completely. Currently, ETH trades at $2800, but it is expected to nearly double in five years.
Decentraland , one of the most well-known and oldest metaverse worlds on the Ethereum blockchain, is . Decentraland can be described as a digital equivalent of a country or world. MANA is the currency used in the Decentraland area.
MANA can be used by users to:
- Digital real estate: Buy and Sell
- To increase the value of your assets and properties, you can build on them
- Make digital art for sale
- Gamble in digital casinos
- Play Decentraland games to earn MANA
Decentraland is one the most user-friendly metaverses. It’s easy to use and doesn’t require any technical knowledge. As the metaverse grows, Decentraland will continue to grow in popularity and users.
Decentraland and Samsung joined forces in 2021 to create their metaverse project code-named “Samsung837X”. Other tech giants will follow their lead and venture into the metaverse field.
MANA crypto is a promising investment. It currently sells for less than $2.90, but it is expected to rise to $20 in five years.
The Sandbox gaming metaverse exists on Ethereum. This game allows non-tech-savvy users to create, sell, and use their virtual reality NFTs. The native currency of The Sandbox is the SAND token.
This game is a pioneer in making the crypto universe more user-friendly by providing a simple platform that anyone can use without any programming skills.
The Sandbox is made up of:
- VoxEdit allows players to create NFT assets using VoxEdit
- Its own Marketplace to sell and buy assets
- Game Maker allows players to create without the need for coding.
These programs are extremely attractive for average users and will only increase the popularity of The Sandbox in future. SAND is a virtual currency that offers good returns and is expected to increase by approximately 1700%. It currently stands at $3.46, but it is expected to rise to $39 over the next five years.
Somnium Space is a virtual reality world on the Ethereum blockchain. CUBE users can:
- Buy land and construct buildings
- Import NFTs
- Attend concerts and other virtual events
- Play realistic video games
- Trade virtual items
Somnium Space is unique because users can create scenes and full-body avatars on their land with incredible life-like detail. CUBE tokens are used to purchase land, buildings, homes, and other in-game items. CUBE tokens also pay for goods and services in the metaverse, as well as reward players with good “Karma.”
Somnium has secured a partnership with Sony to let users build 3D avatars of themselves. Also, Somnium Space has made many other beneficial partnerships that could bring more publicity and popularity to its platform. CUBE is a promising token to invest in at $5.95. It is projected to reach $72 in the next five years.
Enjin Currency (ENJ), is the currency used in Enjin. Three popular games are currently hosted by the Enjin network:
- Space misfits
- The Six Dragons
The ENJ token has seen a surge in popularity due to these three games. It is now in the top 75 cryptocurrency market capitalization list. ENJ will soon be among the top 50.
Enjin has a large user base, even though the metaverse is still very young. Enjin’s success is directly related to the popularity of their games and NFT popularity, as well as the growing interest in metaverse.
Enjin is set to explode with the increase in users joining the metaverse over the next few years. Enjin currently trades at $1.64, and it is expected to rise to $10 within five years.